![](https://denverite.com/cdn-cgi/image/width=3840,quality=75,format=auto/https://wp-denverite.s3.amazonaws.com/wp-content/uploads/sites/4/2016/07/7154931798_db4a5967fa_o.jpg)
MassRoots Inc. raised $250,000 last month to promote marijuana legalization in the nine states voting on new rules for the drug.
The Denver-based company would benefit from new dispensaries and cannabis customers in those states using its cannabis-centric social media network. MassRoots is looking to grow its annual revenue to upward of $15 million within the next 12 to 18 months.
"Over 30 percent of the United States population lives in a state with a cannabis initiative on the ballot next Tuesday, and we're mobilizing our entire community to help these initiatives pass," MassRoots CEO Isaac Dietrich said in a statement.
Dietrich said the company raised the money from shareholders and cannabis enthusiasts. Beneficiaries included the Marijuana Policy Project, Marijuana Majority, Students for a Sensible Drug Policy and the initiative groups in Arizona, California, Florida, Nevada, Maine and Massachusetts.
Business & data reporter Adrian D. Garcia can be reached via email at [email protected] or twitter.com/adriandgarcia.
Subscribe to Denverite’s newsletter here.